A close-up of a dollar bill. Photo by Pixabay/amrothman
The U.S. rose against the Vietnamese dong but remained flat against major peers on Tuesday morning as investors observed the latest development in the Middle East.
Vietcombank sold the greenback 0.02% higher at VND26,398. On the black market the dollar gained 0.11% to VND26,350.
Globally the U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge, Reuters reported.
Investors have treated any progress toward ending the Iran conflict with caution, given the fragility of a U.S.–Iran ceasefire struck in early April.
The dollar index, which measures the currency against six peers, eased from earlier gains after the Lebanon announcement on Monday. While the agreement signalled a degree of de-escalation, it remains limited against the backdrop of a wider regional conflict that has disrupted oil flows through the Strait of Hormuz.
“We expect the U.S. and Iran to agree to gradually re-open the Strait of Hormuz and a 60-day extension of the ceasefire to negotiate Iran’s uranium enrichment sometime this week,” Kristina Clifton, a senior currency strategist at the Commonwealth Bank of Australia, wrote in a note.
“Good news about the war ending will weigh on the USD because it is a safe haven currency.”
The dollar index was flat at 99.17, while the euro was 0.03% higher at $1.1634 and sterling gained 0.07% to $1.346.
Source:e.vnexpress.net
